Art market rallies from price slump

ShanghaiDaily.com | AFP:

The art market has bounced back worldwide after prices slumped by more than 10 percent last year as investors look for a safer alternative to falling stock markets, the leading index Artprice said yesterday. Chinese collectors had driven rocketing prices over the past few years that peaked in May 2015 when Picasso’s masterpiece the “The Women of Algiers (Version 0)” sold for US$179 million, the highest price ever paid for a work of art… Read more

Image: Picasso’s “Women of Algiers (Version O)” (detail)

2018-10-23T18:04:22+00:00